I say be careful what you wish for - While its true short...

I say be careful what you wish for - While its true short sellers can artificially depress a good companies share price to below intrinsic value eventually the market sorts out an equilibrium like A2M did when it hit $20 before Covid wreaked havoc .

This reddit thing is akin to the boiler room days of Hot Copper like when Cudeco got to be a Billion ASX 200 company. People buying GameStop are going to lose their shirt if they didn't get in at the bottom there is no connection with the Casino like trading that has sent this company to many many multiples of what is its intrinsic future value

Its bad enough with companies like Telsa and APT that trade on crazy multiples on perceived future value but at least these are real growth stories not opportunistic pumps on companies that are creating mega short burn rallies that have no basis in fundamental value.

Short squeezes have been happening for a very long time but we are breaking new ground with the young tech guns using social medial to make mega $$$$$